TGS Baltic assisted Clear Channel International BV with organising of the due diligence process of Clear Channel subsidiaries in Latvia, Estonia and Lithuania

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Andra Rubene, Attorney at Law, Partner, and Rūdolfs Vilsons, Associate at TGS Baltic assisted Clear Channel International BV, an indirect, wholly-owned subsidiary of Clear Channel Outdoor Holdings Inc. with organising of the due diligence process of Clear Channel subsidiaries in Latvia, Estonia and Lithuania for the banks for the purposes of the private offering USD 125 million and issuing of USD 150 million in aggregate principal amount of 8.75% senior notes due 2020 (the New Notes).

The New Notes were issued as additional notes pursuant to the First Supplemental Indenture, dated as of August 14, 2017, among Clear Channel International, the Guarantors and U.S. Bank National Association, as trustee, paying agent, registrar and transfer agent (the Trustee). The Supplemental Indenture supplements the indenture, dated as of December 16, 2015 (the indenture), among Clear Channel International, the Guarantors, and the trustee. The notes mature on December 15, 2020 and bear interest at a rate of 8.75% per annum. 

On the same topic: https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=6444505

Clear Channel is one of the world’s largest outdoor advertising companies, with more than 585,000 displays in over 34 countries across five continents, including 43 of the 50 largest markets in the United States. Clear Channel Outdoor Holdings offer many types of displays across its global platform to meet the advertising needs of its customers, including a growing digital platform. Clear Channel International segment operate in over 18 countries across Europe, Asia, Australia and Latin America in a wide variety of formats. https://company.clearchanneloutdoor.com/

TGS Baltic is a full-service business law firm in Latvia, Estonia and Lithuania employing 140+ lawyers across the Baltics. http://tgsbaltic.com/